Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt Sells 14,500 Shares

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) Director Randall James Levitt sold 14,500 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the transaction, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. This represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Capital Bancorp Stock Up 0.1 %

Shares of CBNK stock traded up $0.03 on Thursday, hitting $32.07. The company's stock had a trading volume of 19,545 shares, compared to its average volume of 52,550. The stock has a market capitalization of $531.08 million, a price-to-earnings ratio of 15.06 and a beta of 0.50. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $32.47. The firm's fifty day moving average price is $29.51 and its 200-day moving average price is $27.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same period in the previous year, the company earned $0.65 earnings per share. Research analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. Capital Bancorp's payout ratio is currently 18.78%.

Institutional Trading of Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of CBNK. Empowered Funds LLC grew its stake in Capital Bancorp by 0.4% in the 4th quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider's stock valued at $2,550,000 after buying an additional 369 shares during the last quarter. Picton Mahoney Asset Management grew its position in shares of Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 626 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Capital Bancorp by 5.9% in the fourth quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider's stock worth $439,000 after purchasing an additional 854 shares during the period. Wealthspire Advisors LLC lifted its position in shares of Capital Bancorp by 1.5% during the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock worth $2,228,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Capital Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,177 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a research note on Friday, February 7th.

About Capital Bancorp

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.